Many brands are missing out on driving growth through new commerce platforms as their marketing and sales teams are not structured to leverage these opportunities.
This is the key finding from Zenith’s latest research: Five Commerce Imperatives for Marketers. Traditionally, brands have had separate sales and marketing teams, often with different objectives. Marketing teams need to reach the right customer at the right moment and are measured by awareness and reach metrics. Sales teams on the other hand need to meet ‘sell-through’ targets and are often assessed on short-term sales metrics.
As part of the digital transformation process to enable them to embrace end-to-end consumer journey planning, brands need to close the gap between sales and marketing in order to maximise returns from e-commerce. Working with a group of specialist research partners*, Zenith has put together five key areas of focus that will help brands maximise ROI from commerce:
Break Down Silos
The growth of online and digital platforms has meant that no two consumer journeys are the same. In order to connect consumer experiences all the way through to sales, brands must break down their silos and understand category differences in journey planning. Specialists from a brand’s marketing and sales functions must inform commerce strategies, and cross-functional models must be developed to ensure the right strategic and investment decisions are made.
Leverage the Retail Experience
Retailers are now acting more like publishers, so brands must approach retail in the way they would media, working collaboratively to plan and activate all the right placements. Consumers expect seamless, connected shopping experiences, so brands must work on joint plans with their retail partners in line with consumer expectations.
Identify Sources of Growth
As e-commerce ‘pure players’, such as Amazon, gain share and grow their customer base, brands to need to rethink the distribution of their products. Shoppers are notoriously loyal to where they purchase, so brands need to focus their partnerships on a core set of retailers that offer the most growth potential.
Exploit Retailer Media
Amazon has been effective in creating self-serve marketing solutions to help brands promote their products on its platform. Many traditional retailers are behind the curve on this and so brands need to push them to quickly develop digital marketing solutions. It is important that digital trade investments are optimised in a similar way to digital marketing.
Advances in data and technology solutions present an opportunity for seamless integration between brands and retailers. In order to leverage these opportunities brands need to connect communications to commerce. One way of doing this is to use retail e-commerce data to optimise a brand’s digital marketing.
Commenting on the research, Zenith Australia CEO, Nickie Scriven, said: “In Australia e-commerce is really just starting to gain the broader attention of marketers, with the long anticipated arrival of Amazon on our shores. Organisations that move to integrate marketing, sales and service functions and truly adopt an end-to-end consumer and customer experience approach will be the ones that position themselves for long term business growth.
“This requires the right balance of brand building and retail focused messaging in order to build brand appeal and relevance with consumers, as well as incentives to move them along the path to purchase. E-commerce provides the potential to connect the consumer and customer experience and gain invaluable data and insight along the way.”
* Zenith’s research partners for Five Commerce Imperatives for Marketers were: GlobalWebIndex, Jumpshot, Criteo, dunnhumby and ChannelSight
For further information, please contact:
Tim Collison Rochelle Burbury
Head of Global Communications Third Avenue Consulting
Tel: +44 20 7961 1126 0408 774 577
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Zenith is The ROI Agency. We blend data, technology and brilliant specialists to scout out new opportunities, solve complex challenges and grow our clients’ businesses. Zenith is part of Publicis Media, one of four solution hubs within Publicis Groupe [Euronext Paris FR0000130577, CAC40], and has offices within Publicis One. In Australia, Zenith has offices in Sydney, Melbourne and Brisbane and employees over 150 people. We are experts in communications & media planning, content, performance marketing, value optimisation and data & analytics. Zenith works with some of the world’s leading brands including Aldi, Honda, Henkel, Reckitt & Benckiser and Lite’N Easy.